Zomato has allocated 6.49 Lakh equity shares under Zomato ESOP Plan 2018, 3.12 Lakh equity shares under ESOP Plan 2021 and another 10.04 Lakh shares under ESOP Plan 2022
As per the stock’s last opening price, the newly-allotted shares are cumulatively worth INR 52.6 Cr
Zomato’s board is likely to review and approve the company’s proposal to raise INR 8,500 Cr at its meeting today in what would be the first fundraise by the company since it went public in 2021
Foodtech major Zomato
today (October 22) granted nearly 20 Lakh equity shares to eligible employees under various employee stock option plans (ESOPs) ahead of its earnings disclosure for the quarter ended September 2024 (Q2 FY25).
In an exchange filing, the Deepinder Goyal-led company said its board has approved the allotment of 19.66 Lakh equity shares with a face value of INR 1 each as fully paid-up upon exercise of 13.17 Lakh vested options to identified employees of the company and its subsidiaries.
The company said it has allocated 6.49 Lakh equity shares under Zomato ESOP Plan 2018, 3.12 Lakh equity shares under ESOP Plan 2021 and another 10.04 Lakh shares under ESOP Plan 2022.
With the fresh allotment of equity shares, the issued, subscribed and paid-up equity share capital of Zomato has increased to INR 883.6 Cr from INR 883.4 Cr earlier.
Shares of Zomato opened at INR 267.65 apiece on the BSE today. As per the stock’s last opening price, the newly-allotted shares are cumulatively worth INR 52.6 Cr.
Zomato is scheduled to declare its Q2 FY25 earnings later today. The foodtech major saw its consolidated net profit zoom multifold to INR 253 Cr in the June quarter from INR 2 Cr in the year-ago period.
Its operating revenue jumped 74% to INR 4,206 Cr during the June quarter from INR 2,416 Cr in Q1 FY24, as its quick commerce arm Blinkit delivered another quarter of strong growth.
As per industry reports, Zomato’s board is likely to review and approve the company’s proposal to raise INR 8,500 Cr at its meeting today in what would be the first fundraise by the company since it went public in 2021.
(This is a developing story)
